ChampionX (NASDAQ:CHX – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01), Briefing.com reports. The firm had revenue of $906.53 million for the quarter, compared to the consensus estimate of $916.50 million. ChampionX had a net margin of 8.66% and a return on equity of 19.72%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS.
ChampionX Stock Down 0.6 %
Shares of NASDAQ:CHX traded down $0.19 during mid-day trading on Thursday, hitting $29.46. 49,353 shares of the company traded hands, compared to its average volume of 1,864,235. The stock has a market cap of $5.61 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.27 and a beta of 2.37. The company has a current ratio of 1.99, a quick ratio of 1.25 and a debt-to-equity ratio of 0.34. ChampionX has a 12-month low of $25.46 and a 12-month high of $39.95. The stock has a 50-day moving average price of $30.63 and a two-hundred day moving average price of $32.43.
ChampionX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. ChampionX’s payout ratio is 20.65%.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on CHX
ChampionX Company Profile
ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.
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